factor

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Factor

A financial institution that buys a firm's accounts receivable and collects the accounts.

Factor

A third party that buys a firm's accounts receivable. If a firm is not confident in its ability to collect on its credit sales, it may sell the right to receive payment to the factor at a discount. The factor then assumes the credit risk associated with the accounts receivable. This provides the firm immediate access to working capital, which is important, especially if the firm has a cash flow problem. The price of factoring is determined by the creditworthiness of the firm's customer, not of the firm itself. It is also known as accounts receivable financing.

factor

A firm that purchases accounts receivable from another firm at a discount. The purchasing firm then attempts to collect the receivables.

factor

To sell accounts receivable to another party at a discount from face value. Thus, a firm in need of cash to pay down short-term debt may decide to factor its accounts receivable to another firm.

factor

  1. a firm that purchases TRADE DEBTS from client firms. See FACTORING.
  2. a firm that buys in bulk and performs a WHOLESALING function.
  3. an input (for example raw material, labour, capital) which is used to produce a good or provide a service.

factor

  1. 1a FACTOR INPUT that is used in production (see NATURAL RESOURCES, LABOUR, CAPITAL).
  2. a business that buys in bulk and performs a WHOLESALING function.
  3. a business that buys trade debts from client firms (at some agreed price below the nominal value of the debts) and then arranges to recover them for itself. See FACTOR MARKET, FACTORING.
References in periodicals archive ?
However, all the above-reviewed studies addressing prognostic factors of visual outcome have been done in patients with open globe injuries while the present study is first to discuss both the open globe and closed globe injuries along with the associated visual outcome and prognostic factors.
Detterbeck FC, Bolejack V, Arenberg DA, et al; IASLC Staging and Prognostic Factors Committee; Advisory Boards; Multiple Pulmonary Sites Workgroup; Participating Institutions.
A prospective study of prognostic factors for recurrence in early oral tongue cancer.
Survival, prognostic factors, and therapeutic efficacy in low-grade glioma: a retrospective study in 379 patients.
The ALP level was a prognostic factor in some studies but not in others, possibly reflecting the heterogeneity of the patient populations [16,18,19].
2012) Tumor location is a prognostic factor in poorly differentiated adenocarcinoma, mucinous adenocarcinoma, and signet-ring cell carcinoma of the colon.
The ocular trauma classification group suggests four prognostic factors at initial evaluation of ocular injuries: (1) type of injury, (2) initial VA, (3) the presence or absence of a relative afferent papillary defect (RAPD), and (4) location of injury describing the nature and extent of the injury.
Tumour length as a prognostic factor in oesophageal cancer management.
Hence, a prospective study to find common prognostic factors will help in the management of such cases.
Statistical analysis was performed to determine prognostic factors, which may have distinguished survivors and non-survivors.
2-4,13,15) In the present study, complete surgical resection was the most important prognostic factor for overall survival.
Age is a widely accepted prognostic factor of ovarian cancer [6,7].